First Merchants (FRME) Research & Development (2010 - 2026)
First Merchants (FRME) posted quarterly Research & Development of $8.0 million for Q2 2026, up 13.2% year-over-year from $7.1 million in Q2 2025, and up 11.89% on a QoQ basis from $7.2 million in Q1 2026.
First Merchants (FRME) Research & Development (2010 - 2026) Analysis & Trends
First Merchants has reported Research & Development for 17 years, with the latest figure at $8.0 million in Q2 2026.
- Research & Development for Q2 2026 came in at $8.0 million, up 13.2% year-over-year; the trailing twelve-month figure through Jun 2026 was $29.7 million (up 13.24% YoY), and the FY2025 annual result was $27.5 million, up 1.28% from the prior year.
- Research & Development grew to $8.0 million in Q2 2026, from $7.2 million in the prior quarter.
- Over five years, Research & Development peaked at $8.0 million in Q2 2026 and troughed at $4.4 million in Q1 2022.
- A 5-year average of $6.5 million and a median of $6.7 million in 2022 frame the typical range for Research & Development.
- The widest annual swing landed in 2022, when Research & Development soared 42.41%; it then dropped 13.94% in 2025.
- A 5-year view of Research & Development shows it stood at $5.6 million in 2022, then grew by 4.71% to $5.9 million in 2023, then rose by 2.62% to $6.0 million in 2024, then increased by 24.55% to $7.5 million in 2025, then grew by 7.14% to $8.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $8.0 million in Q2 2026, $7.2 million in Q1 2026, and $7.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | First Merchants | 2.61 Bn | 2.61 Bn | 7.27 Mn | 8.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.05 Mn |
| Mar 31, 2026 | 7.19 Mn |
| Dec 31, 2025 | 7.51 Mn |
| Sep 30, 2025 | 6.94 Mn |
| Jun 30, 2025 | 7.11 Mn |
| Mar 31, 2025 | 5.93 Mn |
| Dec 31, 2024 | 6.03 Mn |
| Sep 30, 2024 | 7.15 Mn |
| Jun 30, 2024 | 7.07 Mn |
| Mar 31, 2024 | 6.89 Mn |
| Dec 31, 2023 | 5.88 Mn |
| Sep 30, 2023 | 6.57 Mn |
| Jun 30, 2023 | 6.60 Mn |
| Mar 31, 2023 | 6.11 Mn |
| Dec 31, 2022 | 5.61 Mn |
| Sep 30, 2022 | 6.83 Mn |
| Jun 30, 2022 | 4.88 Mn |
| Mar 31, 2022 | 4.36 Mn |
| Dec 31, 2021 | 4.58 Mn |
| Sep 30, 2021 | 4.79 Mn |